Latest news with #CrestviewPartners
Yahoo
5 days ago
- Business
- Yahoo
Why Is WideOpenWest (WOW) Stock Rocketing Higher Today
What Happened? Shares of broadband and telecommunications services provider WideOpenWest (NYSE:WOW) jumped 48.3% in the morning session after the company announced it has entered into a definitive agreement to be acquired by DigitalBridge Group, Inc. and Crestview Partners in a deal that will take the company private for an enterprise value of approximately $1.5 billion. Under the terms of the deal, shareholders will receive $5.20 per share in an all-cash transaction. The offer represents a substantial premium of 63% over the company's closing price on August 8, 2025, explaining the stock's significant jump. The acquisition news overshadowed the company's recent financial results for the second quarter, which showed widening losses and declining revenue. The transaction was unanimously approved by WOW!'s Board of Directors and is expected to close by the end of 2025 or in the first quarter of 2026, after which WOW! will become a private company and its shares will no longer be listed on any public exchange. Is now the time to buy WideOpenWest? Access our full analysis report here, it's free. What Is The Market Telling Us WideOpenWest's shares are somewhat volatile and have had 12 moves greater than 5% over the last year. But moves this big are rare even for WideOpenWest and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 14 days ago when the stock dropped 5.1% on the news that the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending. While the Conference Board's headline Consumer Confidence Index rose to 97.2 in July, the details painted a more cautious picture for investors. The Present Situation Index, a measure of consumers' assessment of current business and labor market conditions, actually fell. More telling for the sector, the report showed a decline in buying intentions for major discretionary items such as homes, cars, and most appliances. This combination of factors signals potential weakness in future consumer spending, casting a shadow over companies that rely on non-essential purchases. WideOpenWest is up 4.4% since the beginning of the year, but at $5.06 per share, it is still trading 12.5% below its 52-week high of $5.78 from August 2024. Investors who bought $1,000 worth of WideOpenWest's shares 5 years ago would now be looking at an investment worth $757.87. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
6 days ago
- Business
- Globe and Mail
WOW Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of WideOpenWest, Inc. is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of WideOpenWest, Inc. (NYSE: WOW) to affiliates of DigitalBridge Investments, LLC and Crestview Partners for $5.20 per share is fair to WideOpenWest shareholders. Halper Sadeh encourages WideOpenWest shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether WideOpenWest and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for WideOpenWest shareholders; (2) determine whether DigitalBridge and Crestview are underpaying for WideOpenWest; and (3) disclose all material information necessary for WideOpenWest shareholders to adequately assess and value the merger consideration. On behalf of WideOpenWest shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
